CHICAGO—After a one-year struggle, Wicker ParkApartments Inc., a local developer, has finally succeededin getting title via a foreclosure sale of 1515-1517 W. Haddon St.,a triangular Wicker Park property near the CTA's Blue Line stop atDivision St. The company also just obtained an $8,175,000construction loan from Chicago-based Wintrust andbegun work at the property on a 40-unit development called WickerPark Lofts.

“We are constructing a soft loft rental apartment building thatwill be a six-story structure and takes advantage of the property'sunique shape,” says Mark Sutherland, principal ofWicker Park Apartments Inc. “Studios, one, two and three-bedroomunits will feature top-of-the-line finishes and state-of-the-artdesign elements. The fourth, fifth and six floors will havebreathtaking city views.”

Sutherland was a condo developer, but after the downturn madethe transition to apartments. He currently owns, renovates andoperates apartment buildings in the Wicker Park, Noble Square andUkrainian Village neighborhoods.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.